The Citi Flex financing was a forward thinking product that exists to existing Citibank customers exactly who have a dynamic Citi charge card membership. Citi Flex allows competent people take some of the credit card limit and transform they into a personal mortgage with a set APR this is certainly repaid in a specific range months. You’ll be able to determine a payment schedule, using optimum payment term 60 period. Long run financing have actually higher rates of interest.
No Software Necessary
The Citi Flex mortgage techniques is fast and simple. You can see funds placed into the bank account in one single to two days. Your don’t need certainly to send a formal application and Citi does not check your credit. You do wanted an ongoing Citi credit accounts in close standing.
Citi checked your own credit and required a loan application whenever you opened the Citi Card accounts which you use to suit your Citi Flex Loan, so they really don’t want it once more. Citi does not recharge an origination charge whenever you need a Citi Flex Loan.
Precisely why Grab a Citi Flex Mortgage?
Citi stresses several common purposes for a Citi Flex mortgage, like:
These expenses could be covered with your mastercard, why take out a Citi Flex loan? The main reason is the fact that the Citi Flex financing repayments will have less interest rate than their charge card interest. Your own rates is not just reduced, however it is a hard and fast rates, unlike the mastercard scales. The payment normally repaired as well as being obvious that if you making a set range repayments their Citi Flex balance shall be paid back.
Citi allows you to decide a repayment program which works for you, though there is certainly a minimum they called for. Citi will show different options, making clear what your month-to-month Citi Flex fees are. In addition they make clear that any stability you’ve got on your own credit card may have its own minimum fees obligation.
Citi Flex Pay
An interesting Citi Flex ability is that you could move qualified acquisitions once you’ve made them, shifting them out of your typical CitiCard membership to Citi Flex. This can be known as Citi Flex cover plan.Purchases made through your existing or earlier billing pattern which are more than $100 can be incorporated into your own Citi Flex program. Buys that are qualified to receive moving into Citi Flex are plainly noted on your online or Ciit application membership accessibility.
Citi Flex belongs to Your Own Citi Profile
Your own Citi Flex Loan falls under their productive Citi cards membership. What kind of cash you can easily borrow is dependent on their borrowing limit on your own present Citi credit membership. Citi additionally identifies your qualifications as well as the quantity it is possible to borrow centered on the “creditworthiness along with other facets.” Citi doesn’t indicate exactly what it means nevertheless they have access to the cost records to their membership, to make sure that clearly is the one factor.
The Citi Flex deal and records will show up on a single trailer title loans near me declaration just like you credit card. You will find one monthly minimum fees required that handles both the CitiCard and Citi Flex scales. The report makes clear just how much you borrowed from for every single, nevertheless make one payment.
Vital Citi Flex Facts
Before taking benefit of a the Citi Flex option right here some essential information.
The minimum you are able to borrow on a Citi Flex financing is $500.
CIti Flex wages allows you to move elligble purhcases over $100 to a hard and fast price payment.
No charges are energized for choosing to utilize Citi Flex, though later part of the installment costs and other punishment can apply unless you create your installment as agreed.